Panasonic sold its entire stake in Tesla last fiscal year – Nikkei

A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo

TOKYO, June 25 (Reuters) – Japan’s Panasonic Corp (6752.T) sold all of its stake in Tesla Inc (TSLA.O) last fiscal year, in a move that likely earned it billions of dollars to fund new investments, the Nikkei business daily reported on Friday.

Reporting by Chang-Ran Kim; Editing by Jacqueline Wong

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source: reuters.com